Careers, Jobs and Education Resources for: Saint Pierre and Miquelon

Economic Overview

The inhabitants have traditionally earned their livelihood by fishing and by servicing fishing fleets operating off the coast of newfoundland. the economy has been declining, however, because of disputes with canada over fishing quotas and a steady decline in the number of ships stopping at saint pierre. in 1992, an arbitration panel awarded the islands an exclusive economic zone of 12,348 sq km to settle a longstanding territorial dispute with canada, although it represents only 25% of what france had sought. france heavily subsidizes the islands to the great betterment of living standards. the government hopes an expansion of tourism will boost economic prospects. fish farming, crab fishing, and agriculture are being developed to diversify the local economy. recent test drilling for oil may pave the way for development of the energy sector.

Environmental Issues

Recent test drilling for oil in waters around saint pierre and miquelon may bring future development that would impact the environment

Government Type

Na

Population

7,044 (july 2008 est.)

Location

Northern north america, islands in the north atlantic ocean, south of newfoundland (canada)

Area

Country Aliases

Conventional long form: territorial collectivity of saint pierre and miquelon
conventional short form: saint pierre and miquelon
local long form: departement de saint-pierre et miquelon
local short form: saint-pierre et miquelon